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If a contract between parties from different countries refers to a currency that uses the dollar sign, using a currency code or a suitably modified currency sign, such as A$ for Australian dollars and Mex$ for Mexican pesos, would make it clear which currency is being referred to.

Example of a Currency Option The investor purchases a currency call option on the euro with a strike price of $115, since currency prices are quoted as 100 times the exchange rate. When the investor purchases the contract, the spot rate of the euro is equivalent to $110.

Currency Contracts means any forward contracts, futures contracts, foreign exchange contracts, currency swap agreements, and other similar agreements and arrangements entered into by any Consolidated Company designed to protect any Consolidated Company against fluctuations in foreign exchange rates.

Currency forward contracts are typically used in situations where currency exchange rates can affect the price of goods sold. A common example is when an importer is buying goods from a foreign exporter, and the two countries involved have different currencies.

Currency Contract means any futures contract or option thereon providing for the delivery or receipt at a future date of a specified amount of a traded currency at a specified price and delivery point, or any other futures contract or option thereon approved for trading for U.S. persons.

This agreement is a promise to sell or purchase a certain amount of foreign currency on a specific date. A transferable contract known as "currency futures" provides a price at which a specific currency can be purchased or sold on a future date.

At a high level, the “Contractual Currency” is the currency in which the “Purchase Price” and the “Repurchase Price” (but not a close-out amount) is denominated. In addition, the concept of the “Contractual Currency” is also used in the definition of “Market Value”.

For example, if you have U.S. dollars and you want to exchange them for Australian dollars, you would bring your U.S. dollars (or bank card) to the currency exchange store and buy Australian dollars with them.